In Road to 2030, we take a practitioner's perspective aided by both internal and external experts to ask the ‘what if’ questions and consider major changes to the status quo.
The project is laid out in five overarching themes followed by a scenario at the end. At the very least, the Road to 2030 is a horizon-scanning and risk management exercise. At its best, it provides a foundational understanding of the main drivers that will transform markets over the next decade.
How do we think about the rise of China?
In general, the return of multi-polarity after over a century of unipolarity represents a growing source of opportunity and risk for investors. Looking ahead, the Chinese government has said it will not set a goal of doubling GDP from 2021 onwards in the interests of focusing on higher quality, longer term growth, and that it will also rein in credit growth. That implies an economy growing more slowly than the current target of “around 6%”.
Major structural changes are affecting the Chinese economy. Based on our collaborative research, the four most important themes for investors are:
We use mindmaps to organise and articulate our thoughts about subjects that are conceptually complex, and below shows our theme the rise of China.